Financing for turnkey rental in Chicago, IL
I am purchasing a turnkey rental in the southside of Chicago, (West Pullman) for $70,000. I am looking for financing, even if it's relatively short-term, for a loan amount of $52,500 and $56,000. I can do a higher loan amount but of course that means less equity...The rent is expected to be no less than $1,400/month.
I would prefer principle and interest but would accept interest only for 1 - 2 years.
Interest rate cannot be higher than 7%.
please send inquiries directly to my email address [email protected]
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